VANCOUVER, BC / ACCESSWIRE / January 8, 2025 / Capacitor Metals Corp. (the "Company" or "Capacitor") is pleased to announce that it has filed a technical report (the "Report") on SEDAR+ titled, "NI 43-101 Technical Report on the Blue River Property, Blue River, British Columbia". The Report was prepared in accordance with National Instrument 43‐101 - Standards of Disclosure for Mineral Projects ("NI 43‐101") respecting the Company's 100% owned Blue River project located approximately 60 kms south of Valemount, British Columbia. The Report was prepared by Nathan Schmidt, B.Sc., P.Geo, of Dahrouge Geological Consulting Ltd., a "qualified person" for purposes of NI 43-101. The effective date of the Report is October 1, 2024.
Capacitor Metals CEO Chris Grove states "We are very pleased with the release of this new 43-101 report. With the current state of the global tantalum market of continued increased demand, against significant issues on the supply side, we are excited to be advancing this valuable Canadian project once again"
The full Report can be found on the Company website: https://capacitormetals.com/wp-content/uploads/2025/01/2024-10-01_Blue-River_NI-43-101_Signed.pdf
and under the Company's profile on SEDAR+ at www.sedarplus.ca.
About Capacitor Metals Corp.Capacitor Metals Corp. is a British Columbia company focused on the exploration and development of the Blue River Tantalum-Niobium Property located in British Columbia, Canada.
Within the Blue River Property, the Upper Fir deposit has a significant historical indicated resource of 9.6M kg contained tantalum and 77.8M kg contained niobium plus an historical inferred resource of 1.0M kg contained tantalum and 9.6M kg contained niobium.
The Company is positioned to be one of the lowest cost tantalum-niobium producers globally, with a specific focus on being a long-term supplier of tantalum and niobium to the global market. The Blue River Property is a fully serviced site in mining-friendly British Columbia, Canada with excellent infrastructure close at hand, including rail, paved road, water, and power adjacent to project site. The Property contains three known deposits of tantalum and niobium (the Fir, the Verity and the Upper Fir) and an additional 20+ known exploration targets. The Blue River Property is advanced with significant work already completed. CAD$34M+ has been spent to date, including 271 drill holes, an historical Preliminary Economic Assessment ("PEA"), community consultations, and preliminary metallurgical and environmental work.
For more information, please visit the corporate website at www.capacitormetals.com or email [email protected].
On Behalf of the Board of Directors
CAPACITOR METALS CORP."Chris Grove"
Chris GrovePresident and CEOTel: 604.484.2700Email: [email protected]Web: http://www.capacitormetals.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION :This news release contains forward-looking statements, which includes any information about activities, events or developments that the Company believes, expects or anticipates will or may occur in the future. Forward-looking statements in this news release include that the Company is positioned to be one of the lowest cost tantalum-niobium producers globally, with a specific focus on being a long-term supplier of tantalum and niobium to the global market. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices for tantalum and niobium may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties. The forward-looking statements contained in this news release are made as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
SOURCE: Capacitor Metals Corp.
View the original press release on accesswire.com